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Search Results 0 to 49 of about 86 (some duplicates have been removed)
". >>> president obama says his re-election proves that americans want action on the economy, not just politics as usual: just days after his victory, he's laying out a framework for compromise with the republicans to avoid $600 billion in automatic spending cuts and tax hikes in the next year. he says he's open to new ideas, but he warns the federal government can't cut its way to prosperity. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthest americans to pay a little more in taxes. that's how we did it -- that's how we did it in the 1990s when bill clinton was president. that's how we can reduce the deficit while still making the investments we need to build a strong middle class and a strong economy. that's the only way we can still afford to train our workers or help our kids pay for college, or make sure that good jobs and clean energy or high-tech manufacturing don't end up in countries like china. now, already i've put forward a detailed plan that allows us to make these investments while reducing our deficit
and keeping the economy growing. all of it goes back to the looming fiscal cliff. $700 billion in tax hikes that will take place on january 1st unless there's a deal. >> he's going to reach out in a bipartisan way. . he's going to stick to his position on the revenues, but say we have to work together and i'm willing to do my share and lead my party. >> that 396 referring to the bush tax cuts. to make a deal, the president will need to work with congress, especially house republicans and they have been opposed to tax increases. we will hear from john baoehner too for the republican party. >> raising taxes on small business people is the wrong prescription. >> raising tax rates is unacceptable. and frankly it couldn't even pass the house. putting increased revenues on the table but through reforming our tax code. >> i want to bring in ruth marcus, columnist at "the washington post" and perry bacon, an msnbc contributor. what's your sense of this? are we setting up for a feisty but doable deal? but is it also possible we're in for a battle of epic proportions? >> yes to both ques
term will be how does he get some kind of bipartisan momentum going, particularly on the economy and this is your wheelhouse right now. you've got some pretty firm ideas about how to prevent the fiscal cliff becoming a reality. tell me about that. >> well, we need to avoid the fiscal cliff. as the nonpartisan congressional budget office said, it will reduce gdp by almost 3% and keep in mind it's only 2% now so that means going negative, going back to recession. they predicted that unemployment would go back over 9% which would be terrible, obviously, and many other negative consequences. so they should do at least a temporary extension so they can buy themselves a little time for the new congress to get organized and new administration to get settled, and then get this thing solved as quickly as possible after that. so with the financial services roundtable, we asked them to bridge over with some extensions but then tackle it. that's going to have to include the president stepping forward and willingness to reform entitlement programs and on the republican side, they'll need to l
're saying. melissa: i don't know why you would want to raise taxes on anyone when the economy is basically stalled. just seems crazy to me. >> well, at some point, everyone says in washington that we need to do something about our deficit and here's a good place to start. if you need to actually bring in some revenue, the best place to do it is where it will do the least harm and that is on tax cuts for the wealthy. that is something that is really una sailable. if we were in conditions if we didn't have deficit issues, of course we wouldn't have needs to raise taxes on anyone. we have competing priorities and need to find a way to start paying for them. melissa: i think we don't have a revenue problem. we have a spending problem. we're like drunken sailors. we have a credit card and think we can run it up forever. we just can't. >> that also has consequence as everyone knows with the looming so-called fiscal cliff discussion, if you cut spending too much you drive the economy into an abyss. we would all like to say we simply cut spending and live within our means but it is not as simple a
to tackle the fiscal cliff, an economic mandate that could throw the economy into a tail spin unless democrats and republicans stop it all. house speaker john boehner wants a deal on spending cuts. president obama says that is not enough. >> if we're serious about reducing the deficit we have to combine cuts with revenue. >> joining us is jonathan strong. even if tax rates went up on the wealthiest households earning more than $250,000 a year the president, as the president demands, this would actually do almost nothing to reduce the deficit. i look at the joint tax committee report of conscious saying it would reduce the deficit only by 7%. that is 7% out of $1.1 trillion. in many ways is the president's solution more of an illusion? >> he is trying to sell this as a matter of fairness. he seems to be making progress politically on that front. you have a good point. another good question, there isn't any theory this would help the economy. the estimates are it would hurt this the economy. is now the right time for that? people are still hurting out there. >> gregg: the president is
on message and move on to the economy? >> well, is he going to be trying to turn this to the economy, suzanne, but the fact is he will be definitely getting questions about the scandal, about general petraeus, and certainly about his faith in general allen, so that is going to be a topic. he will try to pivot to the economy and to talk about the fiscal cliff, which is obviously his number one priority trying to get that resolved, and we also expect that he will be here talking -- or he will be asked about benghazi. this will be his first press conference since that september 11th attack in egypt that killed u.s. ambassador chris stevens and three other americans. as well, would you expect them to be asked about cabinet -- or, pardon me -- in libya, and you would expect him to be asked about the cab -- potential cabinet shake-ups as well. you said he hasn't had an extended press conference since march. that's true. there are a lot of outstanding questions, and he will be asked probably about all of them today, suzanne. >> imagine it's going to be taking a while to get through all of these, and
begins today. president obama will be making a statement on the economy. he'll speak from the east room of the white house at 1:05 eastern time. you can of course catch all of it right here on cnbc. john boehner is also scheduled to hold a you news conference today, as well. st. louis fed president james bullard is saying the u.s. economy is strengthening. but he's cautioning that leaders must tackle the looming fiscal cliff. a conversation we can't get away from. speaking in missouri yesterday, bullard also says he doubts the central bank will extend a bond maturity extension program that expires at the end of the year. bullard is not currently a voting member, but he will ebb in 2013. and china's national congress continues with new leaders for the communist party set to be named later this morning. today a rising star said the party is moving towards requiring officials to their their assets. so an interesting piece in the chinese business press this morning. >> we have been talking about the fiscal cliff and -- >> we have? >> and yesterday somebody tweeted a new drinking game. every
's economy. can you put that number in perspective? 700,000 fewer jobs. >> i can put the report in perspective. it was turn ired by independent businesses that don't want to see their tax rate increased. it is counter to all other studies that i have seen on this thing. that report got in to my inbox and got deleted. >> okay. thank you for your honesty. >> doesn't make sense. it doesn't make any sense at all. >> you hear the number but thank you. that is what i was trying to get at. we heard president obama say if congress fails to come up with a deal by the end of the year, everyone's taxes will be going up. it would be bad for the economy. i was reading new york times this morning op-ed piece that said it may not be a bad thing if we drive over the fiscal cliff. it is worth points out the fiscal cliff isn't really a cliff. it's not like the debt ceiling confrontation where terrible things might with well have happened right away if the deadline had been missed. he goes on, this time nothing very bad will happen to the economy if the grooimt agreement isn't reached until a few
obama and prime minister cameron can do together to get the global economy on track and resolve serious situations like syria. >>> good morning from washington. it's friday, november 9th, 2012. this is "the daily rundown" i'm chuck todd. let's get right to my first reads in the morning. at 11:00, in the white house east room the president will speak to the nation for the first time since his election about what he hopes to accomplish before the end of the year. before taking on the new challenges though the president changed his campaign workers this emotional video from wednesday was released by the obama campaign. >> you guys have done, and the work that i'm doing has improved. i'm really proud of that. i'm really proud of all of you. and -- and what -- [ applause ] >> now it's back to governing. today the president will layout his marker for negotiations on the fiscal cliff. the combination of tax hikes and spending cuts that will kick in at the end of the year if nothing is done. a midnight december 30th, the bush tax rates will expire, the alternative minimum tax kicks in. more tha
drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching this all for us in washington. democrats got the white house, they got the senate. how are they beg
line saying everything is up for negotiation. >> clearly, the deficit is a drag on our economy. and we can't continue to spend money we don't have. i don't want to box myself in or anybody else in. i think it's important for us to come to an agreement for the president, but this is his opportunity to lead. >> the senate has already passed legislation that would raise taxes on those making more than $250,000 while preserving the bush tax cuts for the middle class. the latest now on tuesday's election. the president's margin of victory has now increased. he now has a 51% edge over romney in the national popular vote. that is up from a tie that we saw on election night. but down in florida, they are still counting the ballots. officials have until noon today to submit unofficial results to the secretary of state. cnn has yet to project a winner there, but with 97% of precincts reporting, president obama has a lead over romney. the romney campaign has conceded the race in florida. and for the first time since superstorm sandy hit new york, the lights on the statute of liberty were on. it i
it down the road for years. it's bad for the economy. it's bad for the country. i'm also optimistic because, when you look at what this country has, we have the same bright, talented people we've always had. we have the same great natural resources and history and ideals and values to lead for another generation, another century or many centuries. we have to get our governance together, and i think that's what the american people are saying, and i think on the signature question in terms of the fiscal reforms, the american people have spoken that they do concur with a balanced approach that includes new revenues as well as spending cuts. >> question to the congressman, if i may. i've always thought and heard from people in his cabinet and his office of management and budget people that this president has always wanted real entitlement reform. he believes in it. have i heard wrong or right on this? obviously, he wants revenue raising at the same time, but i think that he really understands that social security and medicare do need to be reformed in a way that, yes, it has to be polit
winning a second term. sources are telling fox news the top of tomorrow will be the economy and the so-called fiscal cliff. that is what economists are calling the combination of tax hikes and spending cuts that are set to kick in at the end of the year. just today, the congressional budget office warned we could be in for another recession if we go, well, over that cliff. it's up to congress to pass a bill to prevent that. today, the house speaker john boehner told diane sawyer on abc that tax increases cannot be part of a deal. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it could pass the senate. >> shepard: speaker boehner says is he willing to talk about the president's proposals. ed henry is live at the white house for us tonight. ed, what are we expecting to hear from the president tomorrow? >> we are told that he is going to speak really for the first time substantively since the election and that post election party tomorrow about 1:00 p.m. eastern here at the white house. is he going to talk about the economy broadly but sp
. and voters chose to continue to move forward with president obama. and his plan to rebuild the economy from the middle class out shs that's not just a talking point. that's a concept that americans embraced. >> you don't have a mandate unless you believe you have a mandate. if you negotiate like you have a mandate. are you confident or are democrats confident the president is going to draw the hard line when he has to. >> the president will not give back. and they have gone so far to say -- it doesn't get more clear than that. >> you mentioned bill crystal. when he steps up and says what he says, isn't giving boehner some cover to make the deal that there are some conservative media people out there with some influence that will give him some backup? it seems like solid messaging. >> my little kids use. >> has he lost his influence or just as strong. will he play into this? >> i don't think he's lost the influence that he should have. and he is a key to that super pac money. the super pac money is the big problem here that looms large over the reelections of many of these tea party republic
in greece over budget cuts and word that europe's strongest economy germany is in trouble. but quickly investors turned back to our looming problem, the road we are on to the so-called fiscal cliff at the end of the year. $650 billion of combined spending cuts and tax cuts expiring automatically. wall street selloff led to a loss of $300 billion in market value wednesday alone. however, just after close of trading wednesday, greece did pass its austerity measures so markets should be tempered a bit. when it comes to the future we can't expect uncertainty as the fiscal cliff looms ahead. >> coming up, advice on sorting out some of the hottest new options in tablets and touch screen computers. >> would you believe tab tops, >>> and welcome back to "world news now." we are pleased to have with us tech editor joanna stern. joanna will tell us about five crazy computers that run microsoft's new windows 8. crazy in a good way. >> crazien a great way. i am telling you they're crazy. >> not like us in a crazy way. >> not mentally insane. >> what are we starting with? >> windows 8 for tablets,
in sales at mcdonald's adding to troubles ahead for the american economy. up next, stu varney looks at yesterday's massive wall street selloff and why investors are scared about more than just that so-called fiscal cliff. ♪ it's time ronald joins his friends, but who will take pics of them? ♪ just like one big family, watch the birdie and you'll see; ♪ ronald, ronald mcdonald. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. megyn: fox news alert, troubling new signs about america's economic future with a big warning from giant employer mcdonald's. it comes just a day after we saw dramatic postelection selloff on wall street yesterday. as we investigated, we found signs of worry about big segments of our economy, and mcdonald's is reporting the first monthly drop in nearly a decade for the world's biggest hamburger chain. stu
on the economy comes to an agreement or slip right back into recession by next year? will congress finally come to a compromise to avoid the fiscal cliff? plus, this baby elephant caught in a sticky situation. up to its neck for over 12 hours. the incredible rescue straight ahead. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >> 6:24 eastern time. quick headlines now. over 90,000 people have signed a petition to nominate this pack diswran girl for the nobel peace prize. the 15-year-old was shot in the head by the taliban after speaking out for women's rights to go to school. she is currently recovering at a uk hospital. and chrysler recalling over 900,000 jeep vehicles because of faulty air bags. a recall includes grand cherokees from 2002 to 2004. and jeep liberties from 2002 to 2003. a malfunction can cause the air bag to
to david axelrod, gym messina. but i think the economy was getting better and people ultimately said i want to give this guy another four years to finish the job. >> here's one thing that i don't think was a factor in the last week. the hurricane on the east coast. if there was a factor in the last week, i believe it was mitt romney going into ohio, lying to ohio about something ohio voters know the truth about on this sending jeep jobs to china and to lie straight to the voters who know it's not true, who are related to the workers, whose jobs were not going to china was a deadly move by romney. >> we know that three out of four ohio voters thought the economy was doing very poorly. they were not that excited about what's going on because it's tough out there. but when it comes to policy, six out of ten supported the bailout of the auto industry and to your point they knew on the ground, they knew in their bones what was going on and they knew that mitt romney was lying to them. so that goes to i think another really exciting thing here. money matters and in down ballot races it can destro
to the be leaders of the free world. he ran to be in charge of the economy. the fact of the matter at the end of the day it will be his fingerprints and negotiations have to stop panicking and stop negotiations in public and stop surrendering the principles if boehner felt there should be revenue increases wait to talk to the president do not go on abc news, or abc news and talking about how obamacare is wrong and we are prepared to do revenue increases. that wasn't the decision of the election. harry reid is out this talking about 19 trillion or $20 trillion in debt. we get beyond january 1, we signed off on $2.5 trillion more in debt. we signed off on trashing businesses. tracking the so-called rich. anyone who earned $250,000 and more will have a hugely negative effect on our economy. what have we achieved? >>neil: if part of the revenue issue isn't raising the rates, but is closing loopholes, and credits and special allowances. >>guest: like mortgage interest deduction? >>neil: hear me out. is it leaving mortgage and charitable deductions aside, you are right, the devil is in the details
on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> with each hour, we learn new details about the shocking affair that forced david petraeus to resign as cia director. he was on the ground the same time as the former ambassador was ambassador of iraq, and the ambassador joins me now. nice to see you, ambassador. >> nice to be with you. >> are you shocked by these revelations today? >> of course, i am. it's a sad day particularly for mrs. petraeus and for their children and for the men and women in the military and now the cia, whom he's let down. >> he's been one of america's greatest military heroes in the last few decades, no question about that. it's an extraordinary ending of one of the great careers. you know him be
to him live. we'll see which way the worm turns this morning. martha. martha: go back to the economy for a moment because there is a dire warning to lawmakers on our economic future. moody's investors service says the u.s. still get as negative rating because of the uncertainty surrounding the so-called fiscal cliff. all of this comes as congress today returns to work on capitol hill for their first session since september after a hard-fought election. paul ryan is now speaking out for the first time. he says he is ready to reach across the aisle. >> it's part of my job to be a part of the solution to try to make this divided government work because the issues we talked about seven days ago are still the issues we have to deal with today, the economy, a debt crisis. we have got a health care system problem. i worry about our military. these same problems exist and we'll have to find a way of finding common ground to make them work. martha: paul ryan who hoped to be vice president of the united states come january, now finds himself in his congressional seat still in wisconsin and say
and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> we start the second half of the show with stories we care about where we focus on our own r reporting from the front lines. in a call with donors, mitt romney reportedly blamed his loss on gifts obama gave to minorities and young voters. first reported by the "l.a. times." romney says obama won over with two things -- and allowing those 26 and younger to remain on their parent's health insurance. he said obama's health care plan helped him with blacks and hispanics, and apologized for not winning. >>> the o
of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> shep: i'm shepard smith. this is the fox report. it's the bottom of the hour. time for the top of thedrums ofn israel. the israelis preparing for what may become a ground invasion in gaza as fighters on both sides continue exchanging fire today. the situation in this volatile corner of the world growing more fragile by the hour. already there have been innocent victims on both sides. a rocket killed three people today when it slammed into their apartment building in the south of israel. in the gaza, officials say the violence killed eight civilians, including four children. and a woman who was pregnant with twins. that number has grown to 16. a u.s. state department spokesman puts the blame squarely on the military leadership of hamas. >> it claims the have the best interest of the palestinian
, weak economy, they looked past the benghazi cover-up, they looked past broken promises and basically president obama won a lot of people, or kept a lot of people based on popularity, mitt romney's campaign go the stronger on substance as he went further into the campaign, i was pleased with that. it was simply popularity, versus substance. now going forward. there is no doubt in my mind, based on having talked to over 2000 be owners in last two months, to encourage them to talk to their employees, they have indicated to me, that number one, many will have to shut dunn their businesses, they cannot afford obamacare, and they cannot afford tax ma -- >> the president i think really wants greater things of himself, and maybe to my colleague lou dobbs' point, a more historic role than we've seen first term, there is maybe not a fear, maybe he rolls back in fear? or rolls back regulation that businesses and guys like have you been saying before, maybe that fear could be misplaced what do you say? >> nile, you know i love you like a brother. but i do not agree. because this is the same pres
the white house today. the president issued a challenge to republicans to end the gridlock over the economy and saying, he thinks voters sent a message, loud and clear. >> reporter: in his first official appearance since re-election, the president signaled to republicans that he is primed for battle. >> i refuse to accept any approach that isn't balanced. >> reporter: unless he and congress come to a deal, the fragile u.s. economy is headed towards something called the fiscal cliff, on january 1st. $6 trillion in tax increases that will hit all working americans and $1.2 trillion in spending cuts, leading to what experts predict will be another recession. the biggest sticking point is whether the bush tax cuts for those who make more than $200,000 a year should expire. the president says they should, it's a case he made over and over on the campaign trail. >> tax cuts. tax cuts. tax cuts. try a tax cut. >> reporter: but yesterday, republican house speaker john boehner told diane sawyer that was a nonstarter. >> is it on the table to talk about? >> i made clear -- >> the wealthier americans
with house speaker john boehner. to begin talks on how to prevent the country's economy from going over the so-called fiscal cliff. both boehner and snart majority leader harry reid sounded conciliatory notes yesterday. >> mr. president, this is your moment. we're ready to be led. not as democrats or republicans, but as americans. >> it's better to dance than to fight. it's better to work together. >> boehner even opened the door to raising new revenues, code for taxes, though not through tax rates. he does put on some conditions. >> in order to garner republican support for new revenues, the president must be willing to reduce spending and shore up entitlement programs that are the primary drivers of our debt. >> so that is a shift in a negotiating position. now boehner suggested temporarily extending the current tax rates, pushing serious negotiations on a broader tax deal into 2013. while the president has hinted in the past that he's willing to include the issues of social security and medicare in the fiscal negotiations, what's not clear is whether the rest of his party is going to
consensus around the challenges that we can only solve together. in a time when our economy is still recovering from the great recession, our top priority has to be jobs and growth. that's the focus of the plan that i talked about during the campaign. >> president obama spoke publically the night that he won his second term when he gave his victory speech in chicago. thereafter, though, he did speak privately to some campaign volunteers in chicago. we would not have seen those remarks if not for the fact the president while speaking with volunteers he did something which he almost never does. he choked up and started crying and so that tape ended up being widely seen. and today's remarks in the the east room of the white house were the first time that president obama has made an official public statement. you could tell that in part by the huge round of applause he got as he walked into the room. applause from people invited to attend the speech and from a bunch of white house staffers who may not have seen the president since he earned another term and ensured all of those white hou
Search Results 0 to 49 of about 86 (some duplicates have been removed)